Future Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
CRUDE OIL Aug 2020 (NYMEX:CL.Q20)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CL.Q20
The long term trend has been UP since Nov 26th, 2019 at 55.95
The intermediate term trend has been UP since Oct 23rd, 2019 at 53.18
The short term trend has been UP since Dec 4th, 2019 at 56.04
Smart Scan Analysis for CL.Q20
Based on a pre-defined weighted trend formula for chart analysis, CL.Q20 scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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